Better understanding of economic decisions


Problem:

You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions.

Write a 1,400-word analysis that includes the following:

Question:1 The impact the theory of consumer choice has on:

Question:2 Demand curves

Question:3 Higher wages

Question:4 Higher interest rates

Question:5 The role asymmetric information has in many economic transactions

Question:6 The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy

Question:7 People not being rational in behavior economics

Cite a minimum of 3 peer-reviewed sources not including your textbook.

Format consistent with APA guidelines.

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Macroeconomics: Better understanding of economic decisions
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